Shares of Winny Immigration and Education Services made a strong debut on the NSE SME platform on June 27 after listing at Rs 240, a premium of over 71 percent over the issue price of Rs 140.
Winny Immigration's initial public offering (IPO) raised Rs 9.13 crores through a fresh issue of 6.52 lakh shares.
The IPO bidding process commenced on June 20 and concluded on June 24. The allotment for the Winny Immigration IPO was finalized on June 25.
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Priced at Rs 140 per share, the IPO offered investors an opportunity to participate with a minimum lot size of 1,000 shares, requiring a minimum investment of Rs 1.4 lakh for retail investors. High Net-worth Individuals (HNIs) had the option to invest in a minimum of 2 lots (2,000 shares), amounting to Rs 2.8 lakh.
Interactive Financial Services served as the book-running lead manager for the IPO, ensuring a smooth and efficient process. Bigshare Services was the registrar for the issue, while Aftertrade Broking took on the role of the market maker.
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Founded in 2008, Winny Immigration is a visa consulting firm that assists individuals in obtaining visas for study, travel, work, business, and migration. Winny's team consists of experienced immigration and education consultants. The company's clients largely migrate to the US, Canada, Australia, New Zealand, the UK, and Europe.
It uses "Winny App" as a customer relationship management tool to manage clients.
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